PublicSphere Live
SERAP Asks Tinubu to Probe ₦94.4bn Allegedly Unremitted, Unaccounted Oil Funds
SERAP has urged President Bola Tinubu to order an urgent investigation into over ₦94.4 billion in petroleum-sector funds allegedly unremitted, unaccounted for, diverted or irregularly spent by the Midstream and Downstream Gas Infrastructure Fund (MDGIF) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), based on findings in the 2024 Volume 2 Report of the Auditor-General of the Federation. The organisation wants the affected funds recovered and remitted to the Treasury, those found culpable prosecuted, and the MDGIF directed to publish its audited financial statements for 2022, 2023 and 2024, warning that it may take legal action if the Federal Government fails to act within seven days.